Penn Entertainment, Inc. News

GLPI reaches agreement with Pinnacle to acquire real estate assets
21 Jul 2015

Gaming and Leisure Properties, Inc., will acquire nearly all of Pinnacle's real estate properties, and the properties will be spun off into separate property and operating companies.

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Inside Gaming: Winners and losers in the Massachusetts casino scene
13 Jul 2015

The recently opened Plainridge Park Casino is off to a strong start, but the legal and logistical challenges of opening more casinos in Massachusetts create a complicated situation in the Northeast.

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Penn National Gaming to releases second quarter results on July 23
9 Jul 2015

The company will host a conference call and simultaneous webcast at 9 a.m. that day, and a replay of the call will be available online for 30 days.

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Pinnacle Entertainment considers new proposal from GLPI
8 Jul 2015

GLPI, an REIT spun off of Penn National Gaming, has repeatedly offered to acquire Pinnacle's real estate holdings, rather than having Pinnacle create its own REIT.

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Inside Gaming: Will multiplayer tables save the slots industry?
29 Jun 2015

With millennials largely uninterested in traditional slots, gaming manufacturers are looking at skill-based gaming and smartphone-like electronic tables to target a generation acclimated to free electronic skill games.

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Interblock games featured at new Plainridge Park Casino
25 Jun 2015

The new casino from Penn National Gaming, the first in Massachusetts, has 83 electronic table games from the luxury game manufacturer.

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Pinnacle Entertainment planning a deal with GLPI
24 Jun 2015

Talks have been ongoing, and analysts believe a deal is likely to be signed sooner rather than later.

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Casinos call IRS tax reporting proposal 'complicated, onerous and unproductive'
18 Jun 2015

Gaming industry representatives say the proposal to lower the WG-2 threshold on winnings from $1,200 to $600 would do little to generate tax revenue and much to generate extra paperwork.

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Penn National names top execs for Las Vegas properties
11 Jun 2015

Former M Resort president Anthony Marnell III will take on a strategic consulting role at M Resort and the Tropicana. Penn National named Bob Sheldon the new president of M Resort.

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Penn National Gaming appoints Richard St. Jean and Frank Quigley to new general manager positions
27 May 2015

Richard St. Jean has been appointed the general manager of Hollywood Casino Jamul-San Diego, while Frank Quigley has taken St. Jean's vacated position as general manager of Hollywood Casino Toledo.

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Scientific Games announces deal with Penn National for Massachusetts casino
27 May 2015

The Plainridge Park Casino, the first casino in Massachusetts, will feature a suite of Scientific Games' devices and its play-management system, per MGC requirements.

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IGT's losses reflect weakening state of US slot machine industry
26 May 2015

While some of the company's losses are the result of being acquired by GTECH, analysts believe that a host of other factors are also to blame.

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Pinnacle Entertainment rejects union proposals
22 May 2015

Stockholders voted to reject the proposals at the company's annual meeting on Tuesday.

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Inside Gaming: Purchase of Tropicana Las Vegas keeps alive Rat Pack-era name
20 May 2015

The transaction, which is expected to close by the end of the year, not only gives Penn its long sought-after address on the Strip, but keeps alive an historic name and a Rat Pack-era property.

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Scientific Games nearly doubles revenue and net loss
11 May 2015

The company lost $86.4 million even as revenue grew to $658.7 million in the first quarter, compared to income of $388.1 million during the same period a year ago.

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